Deficit Scolds Form New Rock Supergroup

By: Tuesday July 17, 2012 11:58 am

All the uncertainty around fiscal issues has convinced the group of Washington mandarins who have been trying to undermine the social safety net in service to reducing the deficit that this is the moment to strike. Practically everyone affiliated with a commission that could earn the appellation “cat food” over the past several years has [...]

Bowles-Gregg; Or, Morgan Stanley-Goldman Sachs

By: Thursday June 21, 2012 6:17 am

I guess Alan Simpson and his recurring set of bad manners has become too much of a liability to those intrepid grand bargaineers. So he’s been pulled for a reliever. Enter Judd Gregg, himself just out of the Senate. Former Sen. Judd Gregg (N.H.) is stepping up his role in building Republican support for a [...]

Revolving Door Watch: Former Sen. Judd Gregg to Goldman Sachs

By: Friday May 27, 2011 1:55 pm

I actually don’t understand the revolving door at some level. By the time politicians retire from office or lose an election, they’re almost always senior citizens. Most of them were independently wealthy before coming to Congress. Why wouldn’t they just ride out their salad days on some homestead, rather than on K Street or Wall [...]

US Derails Major Spanish Torture Investigation

By: Thursday December 2, 2010 8:09 am

As Glenn Greenwald explains today, we’ve had a good deal of official censorship of the Wikileaks cables, not just in the general sense with Joe Lieberman nudging the site off of Amazon’s cloud service, but in the particular. Several of the most sensitive revelations in not only this but a number of Wikileaks releases over [...]

Conrad, Gregg Endorse Catfood Commission Proposal

By: Wednesday December 1, 2010 8:13 am

Earlier I asked if the Catfood Commission will get a bare majority on the panel. Here’s what we know. Judd Gregg will vote for the proposal, as will Kent Conrad. Gregg says he doesn’t agree with everything in the plan but he’d accept it as a “step forward.” This was expected. Remember, initially this commission [...]

Rivlin: “Stars Aligned” for Cat Food Commission Cuts to Social Security

By: Monday September 27, 2010 10:03 am

Alice Rivlin reports from inside the Cat Food Commission’s war room: A key Democrat on President Obama’s deficit commission predicted on Wednesday that the bipartisan panel would come up with recommendations to shore up Social Security. “The stars are aligned,’’ said Alice Rivlin, a former budget director under President Clinton and now a senior fellow [...]

Warren Appointment Becomes Funhouse Mirror

By: Thursday September 16, 2010 11:04 am

It’s hard for me to stir up any genuine outrage or praise over the imminent Elizabeth Warren appointment, because I don’t really know what it is, and for that matter, nobody else does. I trust Warren to make the most of whatever job has been offered, but find the best response to be “Meh.” Asked [...]

Deficit Peacocks Admit Their Own Fraud with Talk on Tax Cuts, Defense

By: Monday July 12, 2010 9:10 am

Speaking of believing lies more strongly, you have a host of deficit fanatics on Capitol Hill who cling to the deeply held belief that tax cuts create more revenue. At least, that’s the only explanation I can come up with for this lunacy: Top Republicans called on Democrats in Congress and the White House to [...]

GOP Fish Ain’t Bitin’ on Immigration Reform

By: Friday July 2, 2010 8:09 am

Yesterday, President Obama made a speech about comprehensive immigration reform that placed the burden on Republicans for coming up with the necessary votes to pass it. Surely they would take that challenge with all the seriousness and sense of purpose you’d expect and immediately rush to the Senate floor to begin work on a bill. [...]

As Republicans Wilt On FinReg, Can We Now Talk About The Policy?

By: Wednesday April 21, 2010 8:10 am

UPDATE: Ted Kaufman and Sherrod Brown release an important bill that would set leverage and size caps on the big banks. The headline story in the Washington Post today states that Republicans, worried about being seen as too close to the big banks, especially in the wake of the Goldman Sachs scandal, are returning to [...]

The Three Fights In Financial Reform

By: Tuesday April 20, 2010 10:18 am

The financial reform bill in Congress doesn’t have one clear fight, but three. There’s a partisan fight, a non-partisan reality, and a substantive critique. And it’s kind of fascinating to watch these three interlocking pieces at play. To hear top Democrats, they’d have you believe there’s only one fight – the partisan fight. They have [...]

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